Acquisition · Mobility & Logistics

Investcorp acquires 20Cube's Indian contract logistics business

By Startup Enthusiast · 19 August 2026

What they do

The company provides contract logistics services, managing warehousing and supply chain operations for large enterprise customers across India

Investcorp has acquired the Indian contract logistics division of Singapore-based 20Cube Logistics through a carve-out transaction

The business currently manages over 7 million square feet of space and aims to expand to 20 million square feet within five years

Global investor Investcorp has acquired the Indian contract logistics business of 20Cube Logistics via a carve-out.
A carve-out is a corporate strategy where a parent company sells a specific business unit or division.
The acquired entity, 20Cube 3PL Solutions, focuses on domestic contract logistics and warehousing services.
20Cube Logistics will continue to operate its international freight forwarding business independently after this transaction.
Ernst & Young LLP served as the financial and tax advisor to the acquirer, Investcorp.
Anagram Partners acted as the legal counsel for Investcorp during the acquisition process.
IndigoEdge provided financial advisory services to 20Cube for this deal.

Investcorp has an existing portfolio in the Indian contract logistics sector, including investments in NDR Warehousing and Miebach Consulting.
The deal allows 20Cube Logistics to streamline its global operations while offloading its domestic warehousing arm.
The transaction highlights growing institutional interest in India's expanding warehousing and supply chain infrastructure.

The company manages over 7 million square feet of warehousing space across its Indian network.
It serves large enterprise clients in sectors including consumer durables, chemicals, automotive components, and engineering goods.
The firm plans to scale its total warehousing footprint to over 20 million square feet in the next four to five years.
The parent company, 20Cube Logistics, operates in 12 nations with a presence in over 85 global locations.
The global entity manages over 68 warehouses and provides supply chain solutions for retail, fashion, healthcare, and technology sectors.

The company intends to expand its warehousing capacity to over 20 million square feet within the next four to five years.

Investcorp (lead) — A global institutional investor with existing interests in the Indian logistics and consulting sectors.